In March quarter 2020, Australia experienced a series of extreme events like drought, severe bushfires, cyclones, hailstorms, and the recent COVID-19 pandemic.
Together, these extraordinary conditions disrupted almost all the aspect of Australian economy and society. Assessing the impact of these events would provide Australian people, businesses and government with accurate evidence to make informed decisions.
The below image reflects on the series of events that happened during March 2020 quarter.
In March Quarter, Australian GDP dropped 0.3% (seasonally adjusted). The key contributors of the GDP were from net exports and general government consumption.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.